Chemicals Industry Today
Fumed Silica Market: Pharmaceutical Application has set to Enhanced Consumption of Fumed Silica
Global Fumed Silica market: by type (hydrophilic and hydrophobic fumed silica), by Application (Paint and coating, adhesive and sealants, silicon rubber, pharmaceutical, cosmetics, battery gel, UPS, and others), and region - Forecast till 2023
Published 08 February 2018
Synopsis of Fumed Silica:
Fumed Silica is produced in a flame due to which also it is known as pyrogenic silica. It is a specialty type of silica which consist microscopic droplets of amorphous silica. Due to its rheological properties and thixotropic behaviors, paint and coating industry majorly uses pyrogenic silica to prevent rust and corrosion. The unique particle size and characteristics of Fumed Silica makes it applicable in a large number of applications such as adhesives, coatings, sealants, inks, toner, cosmetics, food additives, and deformers, among others.
According to the MRFR analysis, the Global Fumed Silica Market has shown significant growth over the past seven years. Adhesives & sealants, and paints & coatings application in the automotive and construction industries covers the major application scope of fumed silica and has set to uplift its usage. As per the World Paints & Coating Association, the global paints and costing industry is poised beyond 150 billion by 2020, and has surged demand for fumed silica. Besides this, cost effective nature of fumed silica over precipitated silica has helped to gain momentum in major end use industries. This has resulted into its increasing adaption in along with growing demand. The Fumed silica has gained momentum in pharmaceutical production due to its important uses during the tablet formation. This factor has created wide scope for fumed silica in the pharmaceutical industry and it emerged as an important growth driver. Due to improved healthcare spending, the pharmaceutical industry is projected to be the key revenue generating segment over the review period. However, introduction of biogenic fumed silica has been challenging the growth of this market and it is expected to continue challenging in the coming years. As per the MRFR analysis, the Global Fumed Silica Market was valued at USD 989.0 million in 2016 and is projected to reach USD 1662.0 million by 2023 growing at prolific CAGR of 7.80% over the review period of 2017-2023
Key Players
The key players of epoxy resin report includes Evonik Industries AG (Germany), Wacker Chemie AG (Germany), Cabot Corporation(U.S.), Tokuyama Corporation(Japan), PPG Industrie, Inc (U.S.), 3M(U.S.), Dalian Fuchang Chemical Co., Ltd(China), Kemitura, Dongyue Group Ltd. (China), and Power Chemical Corporation Ltd (UK).
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Geographically, the Fumed Silica Market is divided into five key regions, Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. As of 2016, Asia Pacific market had accounted for 39% of global share and dominated global market both in terms of value and volume by growing at CAGR 7.80% and 7.48% respectively. The region anticipated to retain its dominance throughout the forecast period by being largest producer as well as consumer.
Asia Pacific Fumed Silica Market consists of China, Japan, India, and other countries. Wherein, China was the major contributor in regional growth and it is the most promising regional as well as global market. Increasing industrial development, economic reforms, technological advancement are some of the indirect driving factors behind the growth of China, and, hence the country has emerged as most promising regional market. In addition to this, emergences of China as a manufacturing hub is another important factor responsible for the industrial development along with technological reforms which has raised demand for fumed silica up some extent. India is the second largest market in this region expanding at 8.37% productive CAGR as of 2016. Growth in this country has attributed to the flourishing healthcare industry and consequent demand for pharmaceuticals. Moreover, dramatic political changes in this economy over the past seven years has been the game changer and led to gradual economic development, thereby, helping industrialization.
Following Asia Pacific, North America held the second largest market share in the global Fumed Silica market. The U.S. is leading the North American fumed silica market on account of massive demand for drug production and silicon rubber. Cosmetics industry is another growth driver in this region, due to which there has been couple of fumed silica capacity expansion has been seen in the U.S. In terms of value the regional market is estimated at USD 232.0 million in 2016 and it is anticipated to surpass USD 265.3 million during the forecast period. Europe held considerable market shares in this market and presence of stringent government regulatory bodies have restricted the growth of this region up to some extent. Presence of few automotive giants helped to gain momentum in silicon rubber application for fumed silica.
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Moreover, Latin America along with Middle East & Africa region anticipated to emerge as substantial regions on account of growing industrial output and economic reforms. This in turn will avail growth opportunities in both of these regions in the coming years.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
Fumed Silica is produced in a flame due to which also it is known as pyrogenic silica. It is a specialty type of silica which consist microscopic droplets of amorphous silica. Due to its rheological properties and thixotropic behaviors, paint and coating industry majorly uses pyrogenic silica to prevent rust and corrosion. The unique particle size and characteristics of Fumed Silica makes it applicable in a large number of applications such as adhesives, coatings, sealants, inks, toner, cosmetics, food additives, and deformers, among others.
According to the MRFR analysis, the Global Fumed Silica Market has shown significant growth over the past seven years. Adhesives & sealants, and paints & coatings application in the automotive and construction industries covers the major application scope of fumed silica and has set to uplift its usage. As per the World Paints & Coating Association, the global paints and costing industry is poised beyond 150 billion by 2020, and has surged demand for fumed silica. Besides this, cost effective nature of fumed silica over precipitated silica has helped to gain momentum in major end use industries. This has resulted into its increasing adaption in along with growing demand. The Fumed silica has gained momentum in pharmaceutical production due to its important uses during the tablet formation. This factor has created wide scope for fumed silica in the pharmaceutical industry and it emerged as an important growth driver. Due to improved healthcare spending, the pharmaceutical industry is projected to be the key revenue generating segment over the review period. However, introduction of biogenic fumed silica has been challenging the growth of this market and it is expected to continue challenging in the coming years. As per the MRFR analysis, the Global Fumed Silica Market was valued at USD 989.0 million in 2016 and is projected to reach USD 1662.0 million by 2023 growing at prolific CAGR of 7.80% over the review period of 2017-2023
Key Players
The key players of epoxy resin report includes Evonik Industries AG (Germany), Wacker Chemie AG (Germany), Cabot Corporation(U.S.), Tokuyama Corporation(Japan), PPG Industrie, Inc (U.S.), 3M(U.S.), Dalian Fuchang Chemical Co., Ltd(China), Kemitura, Dongyue Group Ltd. (China), and Power Chemical Corporation Ltd (UK).
Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/4542
Geographically, the Fumed Silica Market is divided into five key regions, Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. As of 2016, Asia Pacific market had accounted for 39% of global share and dominated global market both in terms of value and volume by growing at CAGR 7.80% and 7.48% respectively. The region anticipated to retain its dominance throughout the forecast period by being largest producer as well as consumer.
Asia Pacific Fumed Silica Market consists of China, Japan, India, and other countries. Wherein, China was the major contributor in regional growth and it is the most promising regional as well as global market. Increasing industrial development, economic reforms, technological advancement are some of the indirect driving factors behind the growth of China, and, hence the country has emerged as most promising regional market. In addition to this, emergences of China as a manufacturing hub is another important factor responsible for the industrial development along with technological reforms which has raised demand for fumed silica up some extent. India is the second largest market in this region expanding at 8.37% productive CAGR as of 2016. Growth in this country has attributed to the flourishing healthcare industry and consequent demand for pharmaceuticals. Moreover, dramatic political changes in this economy over the past seven years has been the game changer and led to gradual economic development, thereby, helping industrialization.
Following Asia Pacific, North America held the second largest market share in the global Fumed Silica market. The U.S. is leading the North American fumed silica market on account of massive demand for drug production and silicon rubber. Cosmetics industry is another growth driver in this region, due to which there has been couple of fumed silica capacity expansion has been seen in the U.S. In terms of value the regional market is estimated at USD 232.0 million in 2016 and it is anticipated to surpass USD 265.3 million during the forecast period. Europe held considerable market shares in this market and presence of stringent government regulatory bodies have restricted the growth of this region up to some extent. Presence of few automotive giants helped to gain momentum in silicon rubber application for fumed silica.
Get Complete Report @ https://www.marketresearchfuture.com/reports/fumed-silica-market-4542
Moreover, Latin America along with Middle East & Africa region anticipated to emerge as substantial regions on account of growing industrial output and economic reforms. This in turn will avail growth opportunities in both of these regions in the coming years.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
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